Bath-based Rotork, the market leading actuator manufacturer and flow control company, announced today that it has paid $75.8m (£48.1m) in cash for Fairchild, a US manufacturer of high-precision pneumatic controls and power transmission products for a wide range of industries. The American company, headquartered in Winston-Salem, North Carolina, is described as asset-light with a similar outsourced model to...
South West entrepreneur Mike Love (pictured) was shortlisted last night for Grant Thornton's 2012 Chairman of the Year Quoted Company awards. Dr Love has grown a number of companies, including CODASciSys, which at its peak featured in the Top 50 companies on AIM. It was taken private by Unit4 Agresso in 2008 in a deal...
The UK economy was dealt another blow today as the latest unemployment figures showed record levels of unemployment, particularly among young people. Statistics from the Office for National Statistics showed unemployment among young people at its highest level, surpassing a million for the first time. Some 178,000 people above the age of 16 are...
Crest Nicholson, the developer behind Bath's Western Riverside regeneration scheme, has been named Sustainable Housebuilder of the Year. The award recognises companies which demonstrate a real commitment to innovation in the housebuilding industry. Crest plans to build more than 2,000 homes on the 44-acre site as part of a £400m regeneration scheme. Crest...
Bath Tourism Plus has welcomed the new flights between Bristol Airport and Zurich. The Helvetic Airways service, which will begin on December 5, aims to attract more leisure and business visitors into the area. Bath welcomes 11,000 visitors from Switzerland a year and it is hoped that the new route into Bristol Airport will...
Jelf, the insurance, employee benefits and financial planning group with a major base in Bath, has opened its first London office as it pursues a strategy to organically build a presence in the capital. The Yate-based group, which has its insurance brokering and financial planning businesses in Bath, has more than 30 branches throughout...
Greg Clarke, minister for cities, decentralisation and planning, will be the keynote speaker at a conference in Bath next Tuesday (15th). It has been organised by the Local Enterprise Partnership to discuss what the LEP has been doing since its last event in January – and its planned work, for example. on the Enterprise Areas across...
The economy is at serious risk of contracting before the end of the year as services firms falter and manufacturing declines again, a bleak survey claims today. Accountants BDO’s output index, which measures turnover expectations over the next three months, fell in October to 92.6, the lowest level since the country was in the...
Sentiment has fallen sharply among the UK’s small and medium-sized manufacturers, the CBI has said, adding to the air of gloom hanging over the economy. A slight decline in production over the next three months is forecast by these firms while, worryingly, over the past three months they suffered a 8% fall in export...
A pair of Bath entrepreneurs have created one of the largest dance spaces in the city with the help of local law firm Withy King. Brothers Rod and Max Johnson have launched Baroque nightclub (formerly Back to Mine) in Bladud Buildings with the support of the commercial property, corporate and employment teams at Withy...
